An accountant for sole traders in Rotherham and Sheffield.

What you get

Your year-end accounts, your self assessment return filed for you, and your tax bill worked out and explained in plain English. One point of contact throughout.

If you work for yourself and aren’t a limited company, you’re a sole trader. That covers most one-person businesses.

Do I need to do a tax return?

Usually, yes. You tell HMRC about your self-employed income on a self assessment return. The deadline for the online return is 31 January after the tax year ends, and that’s also when you pay what you owe. A second payment on account may fall due on 31 July.

What will I pay?

You pay Class 4 National Insurance of 6% on profits between £12,570 and £50,270, and 2% above that (2026 to 2027). Class 2 is no longer compulsory.

Your tax bill depends on your profit, not your takings, so claiming every allowable cost matters. Tell us what you spend and we’ll check what counts.

Making Tax Digital

Making Tax Digital for Income Tax applies to self-employed income over £50,000 from April 2026, over £30,000 from April 2027 and over £20,000 from April 2028. If it applies to you, you send HMRC short updates each quarter. That’s the sole trader + MTD package.

VAT

You must register for VAT if your taxable turnover goes over £90,000 in a 12-month period. Many small traders are well below that. If you’re getting close, tell us early.